Janus Henderson Group PLC Sells 13,406 Shares of Curtiss-Wright Corporation $CW

Key Points

• Janus Henderson Group cut its Curtiss-Wright stake by 80% in the first quarter, selling 13,406 shares and retaining 3,360 shares valued at approximately $2.29 million.
• Institutional ownership remains high at 82.71%, with several investors—including Norges Bank, Corient Private Wealth and Franklin Resources—recently increasing or initiating positions.
• Curtiss-Wright reported quarterly EPS of $3.72, beating estimates, while revenue rose 5.4% year over year to $924.01 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $773.67.

Janus Henderson Group PLC decreased its holdings in Curtiss-Wright Corporation (NYSE:CW - Free Report) by 80.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,360 shares of the aerospace company's stock after selling 13,406 shares during the period. Janus Henderson Group PLC's holdings in Curtiss-Wright were worth $2,288,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in Curtiss-Wright in the 4th quarter valued at approximately $290,633,000. Corient Private Wealth LLC lifted its position in shares of Curtiss-Wright by 6,169.8% during the fourth quarter. Corient Private Wealth LLC now owns 406,531 shares of the aerospace company's stock worth $224,108,000 after acquiring an additional 400,047 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Curtiss-Wright by 61.0% in the fourth quarter. Franklin Resources Inc. now owns 490,489 shares of the aerospace company's stock worth $270,392,000 after acquiring an additional 185,887 shares during the period. Axiom Investors LLC DE purchased a new position in shares of Curtiss-Wright in the fourth quarter valued at $76,892,000. Finally, AQR Capital Management LLC grew its position in shares of Curtiss-Wright by 45.8% in the second quarter. AQR Capital Management LLC now owns 388,493 shares of the aerospace company's stock valued at $189,468,000 after purchasing an additional 122,048 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley reissued an "overweight" rating and set a $860.00 price objective on shares of Curtiss-Wright in a report on Wednesday, July 15th. Weiss Ratings lowered shares of Curtiss-Wright from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. Robert W. Baird set a $870.00 price objective on shares of Curtiss-Wright in a research note on Friday, May 8th. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $724.00 to $768.00 and gave the stock a "hold" rating in a research note on Monday, July 20th. Finally, Citigroup boosted their price target on shares of Curtiss-Wright from $775.00 to $793.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $773.67.

Curtiss-Wright Stock Performance

Shares of NYSE CW opened at $690.27 on Friday. The stock has a market cap of $25.50 billion, a price-to-earnings ratio of 47.51, a P/E/G ratio of 3.17 and a beta of 0.87. The company has a current ratio of 1.60, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27. Curtiss-Wright Corporation has a 1-year low of $464.91 and a 1-year high of $808.16. The stock's 50-day moving average is $744.52 and its 200 day moving average is $713.98.

Curtiss-Wright (NYSE:CW - Get Free Report) last issued its earnings results on Wednesday, August 5th. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.10. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%.The business had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. During the same quarter in the prior year, the firm earned $3.23 earnings per share. Curtiss-Wright's revenue for the quarter was up 5.4% on a year-over-year basis. Curtiss-Wright has set its FY 2026 guidance at 15.100-15.400 EPS. On average, sell-side analysts anticipate that Curtiss-Wright Corporation will post 15.24 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.96 annualized dividend and a yield of 0.1%. Curtiss-Wright's payout ratio is currently 7.16%.

Insider Buying and Selling at Curtiss-Wright

In related news, VP Gary A. Ogilby sold 399 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $721.95, for a total transaction of $288,058.05. Following the transaction, the vice president directly owned 2,172 shares in the company, valued at $1,568,075.40. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John C. Watts sold 220 shares of Curtiss-Wright stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $752.91, for a total value of $165,640.20. Following the completion of the transaction, the executive vice president directly owned 3,962 shares in the company, valued at $2,983,029.42. This trade represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,119 shares of company stock worth $2,257,998 over the last three months. Company insiders own 0.51% of the company's stock.

Curtiss-Wright Profile

Curtiss-Wright Corporation NYSE: CW is a diversified, global engineering company that designs, manufactures and services highly engineered products and integrated systems for the aerospace, defense, and industrial markets. Its offerings span a range of electromechanical, motion control and flow control technologies, including flight control and actuation systems, sensors and avionics components, pumps and valves, power conversion and heat exchangers, and platform integration solutions for marine and ground systems.

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